New York § 494 - 494Application and approval process
Full text of New York New York Consolidated Laws § 494 — 494Application and approval process, with citation guidance and answers to common questions.
§ 494. 494Application and approval process
§ 494. Application and approval process. 1. A business entity must submit a complete application as prescribed by the commissioner. 2. The commissioner shall establish procedures and a timeframe for business entities to submit applications. As part of the application, each business entity must: (a) provide evidence in a form and manner prescribed by the commissioner of their business eligibility; (b) agree to allow the department of taxation and finance to share the business entity's tax information with the department; (c) agree to allow the department of labor to share its tax and employer information with the department. However, any information shared as a result of this program shall not be available for disclosure or inspection under the state freedom of information law; (d) allow the department and its agents access to any and all books and records the department may require to monitor compliance; and (e) agree to provide any additional information required by the department relevant to this article. 3. After reviewing a business entity's completed final application and determining that the business entity meets the eligibility criteria as set forth in this article, the department may issue a certificate of tax credit.
Frequently Asked Questions About New York § 494
What does New York Consolidated Laws § 494 cover?
Section 494 ("494Application and approval process") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 494?
A common citation format is "New York Consolidated Laws § 494" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 494 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.